Global Industrial Boilers Market to 2032
Overview
The Global Industrial Boilers Market is expected to reach a 26,652.25 USD Billion by 2032 and is projected to grow at a CAGR of 3.39% from 2025 to 2032.
Revenue, 2024 (USD Billion)
18,892.51
Forecast, 2032 (USD Billion)
26,652.25
CAGR, 2024 - 2032
3.39%
Report Coverage
Global
Global Industrial Boilers Market 2018-2032 USD Billion
Global Industrial Boilers Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 18,892.51 USD Billion
- Projected Market Size (2032): 26,652.25 USD Billion
- CAGR (2025-2032): 3.39%
Key Findings of Global Industrial Boilers Market
- The Global Industrial Boilers Market was valued at 26,652.25 USD Billion in 2024.
- The Global Industrial Boilers Market is likely to grow at a CAGR of 3.39% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Multi Tube Boilers in Tubes in Boilers Segment accounted for the largest share of the market with a revenue of 14,321.55 USD Billion
- The fastest growing segment Gas Fired Boilers in Fuel Type Segment grew Fastest with a CAGR of 3.86% during the forecast period from 2024 to 2032.
Global Industrial Boilers Market Scope
Global Industrial Boilers Market Segmentation & Scope
Industry
- Packaging
- Agriculture
- Automotive
- Pulp and Paper
- Construction
- Hospitals
- Pharmaceutical
- Laundries and Cleaning Firm
- Breweries
- Others
- Food Industry
Fuel Type
- Oil Fired Boilers
- Others
- Biomass Boilers
- Coal Fired Boilers
- Gas Fired Boilers
Water and Steam Circulation in Boilers
- Natural Circulation Boilers
- Forced Circulation Boilers
Tubes in Boilers
- Single Boilers
- Multi Tube Boilers
Shell Axis
- Vertical Boilers
- Horizontal Boilers
Furnace Position
- Internally Fired Boilers
- Externally Fired Boilers
Steam Usage
- Marine Boilers
- Utility Boilers
- Process Boilers
Steam Pressure
- Low Pressure Boilers
- Medium Pressure Boilers
- High Pressure Boilers
Tubing Methods
- Fire Tube Boilers
- Water Tube Boilers
Boiler HorsePower
- 301 - 600 BHP
- 151 -300 BHP
- 10-150 BHP
Product Type
- Electric Hot Water Boilers
- Others
- Electric Heated Steam Boiler
- Split Condensing Steam Boiler
- Integrated Condensing Steam Boiler
- Integrated Condensing Hot Water Boiler
- Condensing Hot Water Boiler
Global Industrial Boilers Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 18,892.51 USD Billion |
| Market Value in 2032 | 26,652.25 USD Billion |
| CAGR (2025-2032) | 3.39% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Industry,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers,Shell Axis,Furnace Position,Steam Usage,Steam Pressure,Tubing Methods,Boiler HorsePower,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 18,892.51 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 3,226.28 USD Billion in 2024.
Segments and Scope
-
Global Industrial Boilers Market to 2032, By Industry
- Food Industry is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 4,453.89 USD Billion in the year 2024.
- Food Industry is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.69 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Fuel Type
- Gas Fired Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 6,472.60 USD Billion in the year 2024.
- Gas Fired Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.86 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Water and Steam Circulation in Boilers
- Forced Circulation Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 12,268.17 USD Billion in the year 2024.
- Forced Circulation Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.83 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Tubes in Boilers
- Multi Tube Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 14,321.55 USD Billion in the year 2024.
- Multi Tube Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.71 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Shell Axis
- Horizontal Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 12,854.23 USD Billion in the year 2024.
- Horizontal Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.79 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Furnace Position
- Externally Fired Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 13,372.28 USD Billion in the year 2024.
- Externally Fired Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.65 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Steam Usage
- Process Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 10,648.51 USD Billion in the year 2024.
- Process Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.59 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Steam Pressure
- High Pressure Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 11,088.42 USD Billion in the year 2024.
- High Pressure Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.63 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Tubing Methods
- Water Tube Boilers is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 12,487.69 USD Billion in the year 2024.
- Water Tube Boilers is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.72 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Boiler HorsePower
- 10-150 BHP is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 9,879.83 USD Billion in the year 2024.
- 10-150 BHP is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.63 % in forecast period 2025-2032.
-
Global Industrial Boilers Market to 2032, By Product Type
- Condensing Hot Water Boiler is the largest segment in Global Industrial Boilers Market to 2032 with a revenue of 5,804.37 USD Billion in the year 2024.
- Condensing Hot Water Boiler is the Fastest growing segment in Global Industrial Boilers Market to 2032 with a Growth rate of 3.81 % in forecast period 2025-2032.
Global Industrial Boilers Market Company Share Analysis
| Company Name |
|
||
| Mitsubishi Electric Corporation | |||
| GENERAL ELECTRIC | |||
| Thermax Limited | |||
| ANDRITZ | |||
| ALFA LAVAL | |||
Global Industrial Boilers Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Industrial Boilers Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Industrial Boilers Market is segmented based on Segmentation Industry,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers,Shell Axis,Furnace Position,Steam Usage,Steam Pressure,Tubing Methods,Boiler HorsePower,Product Type.
Global Industrial Boilers Market was valued at USD 18,892.51(Revenue in USD Billion) in 2022.
Global Industrial Boilers Market is projected to grow at a CAGR of 3.39% during the forecast period of 2024 to 2032.
The Multi Tube Boilers segment is expected to dominate the Global Industrial Boilers Market, holding a largest market share of 14,321.55 USD Billion in 2024
Global Industrial Boilers Market Scope
Global Industrial Boilers Market Segmentation & Scope
Industry
- Packaging
- Agriculture
- Automotive
- Pulp and Paper
- Construction
- Hospitals
- Pharmaceutical
- Laundries and Cleaning Firm
- Breweries
- Others
- Food Industry
Fuel Type
- Oil Fired Boilers
- Others
- Biomass Boilers
- Coal Fired Boilers
- Gas Fired Boilers
Water and Steam Circulation in Boilers
- Natural Circulation Boilers
- Forced Circulation Boilers
Tubes in Boilers
- Single Boilers
- Multi Tube Boilers
Shell Axis
- Vertical Boilers
- Horizontal Boilers
Furnace Position
- Internally Fired Boilers
- Externally Fired Boilers
Steam Usage
- Marine Boilers
- Utility Boilers
- Process Boilers
Steam Pressure
- Low Pressure Boilers
- Medium Pressure Boilers
- High Pressure Boilers
Tubing Methods
- Fire Tube Boilers
- Water Tube Boilers
Boiler HorsePower
- 301 - 600 BHP
- 151 -300 BHP
- 10-150 BHP
Product Type
- Electric Hot Water Boilers
- Others
- Electric Heated Steam Boiler
- Split Condensing Steam Boiler
- Integrated Condensing Steam Boiler
- Integrated Condensing Hot Water Boiler
- Condensing Hot Water Boiler
Frequently Asked Questions
The Global Industrial Boilers Market is segmented based on Segmentation Industry,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers,Shell Axis,Furnace Position,Steam Usage,Steam Pressure,Tubing Methods,Boiler HorsePower,Product Type.
Global Industrial Boilers Market was valued at USD 18,892.51(Revenue in USD Billion) in 2022.
Global Industrial Boilers Market is projected to grow at a CAGR of 3.39% during the forecast period of 2024 to 2032.
The estimated market value of the Global Industrial Boilers Market for final year is USD 26,652.25 (USD Billion).
Global Industrial Boilers Market Company Profiling
Frequently Asked Questions
The Global Industrial Boilers Market is segmented based on Segmentation Industry,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers,Shell Axis,Furnace Position,Steam Usage,Steam Pressure,Tubing Methods,Boiler HorsePower,Product Type.
Global Industrial Boilers Market was valued at USD 18,892.51(Revenue in USD Billion) in 2022.
Global Industrial Boilers Market is projected to grow at a CAGR of 3.39% during the forecast period of 2024 to 2032.
The estimated market value of the Global Industrial Boilers Market for final year is USD 26,652.25 (USD Billion).
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